Robert Mercer Cuts Political Spending After Unwelcome Turn in Spotlight
- Donations fell by more than two-thirds since last midterms
- Hedge fund manager became target for liberal activists
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Robert Mercer, the publicity-shy hedge fund tycoon whose backing of Donald Trump earned him unwelcome fame, is stepping back into the shadows.
Mercer, 72, and his family spent just $2.9 million influencing federal elections this year, less than a third of their outlay in either 2016, when the last presidential election took place, or 2014, the year of the last midterms, according to Federal Election Commission data gathered through late December.